Bitcoin Money: Scam or Legit Trading Platform? The Test!

Last Updated on February 14, 2019

Bitcoin Money: Scam or Legit Trading Platform? The Test!

5 (100%) 1 vote

Bitcoin Money is a trading robot that allegedly helps users make thousands of dollars per day trading crypto. This trading robot applies computer algorithms to analyze data from the crypto markets for insights and automatically places corresponding trades. The big question is whether bitcoin money is a scam or legit trading robot?

InsideBitcoins has been looking for answers and has compiled a comprehensive review to help you make the right decision. Our feedback is based on our testing team experience and an analysis of individual clients reviews. We recommend that you read our main robot page to learn more about our bitcoin robots rating criteria and our top picks for 2019.

Overall, InsideBitcoins finds Bitcoin Money highly legitimate with a score of 88%. Our testing team have tried their trading platform and found it to be highly intuitive.

Likewise, Bitcoin Money operates in high transparency. This crypto trader not only discloses its fees mechanism but also explains the logic behind its trading platform. However, we did not find enough information about the founders and the team behind the app,

Additionally, an analysis of online reviews on sites such as TrustPilot reveals that most users are satisfied with this robo trader. However, there are a few reviews generally from cryptos protagonists pointing out that this robo trader is a scam. InsideBitcoins did not find any red flags suggesting that this crypto trader is a scam.

What is Bitcoin Money?

As mentioned earlier, Bitcoin Money is a crypto trading app that helps investors profit from rising and falling crypto markets. This app is said to generate huge profits amounting to thousands of dollars per day with an initial investment of as low as $250.

Even when such claims may be a bit exaggerated, we can attest that you stand a chance of making considerable profits with this trading robot. Bitcoin Money relies on powerful computer algorithms to scan the crypto markets for trading insights and execute them in a user account.

Unlike the human brain, these algorithms can scan and analyze vast troves of data within milliseconds and capitalize on trading opportunities as soon as it presents. This ensures that no profiting opportunity.

The use of algorithms in trading is not new in traditional assets trading and is known to generate huge profits within a short time. In forex and stock trading, the method is known as high-frequency trading. The algorithms used in this method of trading are so powerful that they can read news from reputable sources as soon as they are reported and execute informed trading decisions.

Who Founded Bitcoin Money?

Bitcoin Money does not disclose about its founders and the team behind the app. While this is not uncommon in the world of cryptocurrencies, it does not augur well with most users. InsideBitcoins also believe that having the face of the person and team behind a platform adds more to its legitimacy.

However, there is no need for alarm given that Bitcoin Money has already established itself as a popular bitcoin trading platform. The many positive online reviews are enough evidence that people are finding it trustworthy. Our tests also reveal that this is a legitimate trading robot.

How Does Bitcoin Money work?

Bitcoin Money is a trading app powered by sophisticated computer algorithms that analyze bitcoin markets for insights and automatically executes corresponding trades. This means that you do not need to have any prior bitcoin trading experience to use this platform. The app does all the work including research and trades execution.

When trading with Bitcoin Money, the only thing you are required to do is to open and close trading sessions and also withdrawal profits. This takes less than 20 minutes per day which means that the trader has all time to do other things while the Bitcoin Money app continues to generate profits for them.

Bitcoin Money has an accuracy level of above 99% which means that it makes the correct trading decisions at least nine out of ten times. The software is allegedly ahead of the markets by 0.01 seconds consequently maximizing every trading opportunity that presents. InsideBitcoins cannot guarantee the truthfulness of the 99% accuracy claim but has determined that most traders who use this robot report profitability above the traditional bitcoin trading methods.

It is also important to note that there is a degree of risk involved in trading with this robot. This means that there is a possibility of losing the invested capital too. InsideBitcoins recommends that you start with a small investment and only add capital when you are comfortable with the trading platform. Also, make sure that you harvest your profits as soon as they are generated and avoid leaving open positions overnight.

How to place a trade on Bitcoin Money?

Trading with Bitcoin Money does not require any technical expertise or bitcoin trading experience. All you have to do to start trading is to register on their website and follow the setup process as explained below. The setup process should not take more than 15 minutes.

Account Creation

To open an account with Bitcoin Money, visit their homepage and fill in your details on the provided form. InsideBitcoins determines a great signup process by the amount of personal data collected in the process and how this data is used and protected.

Legitimate trading platforms collect only the relevant details and do not use clients’ information for any other purpose apart from the intended one. Likewise, they have data protection measures in place to safeguard clients’ details from hackers.

InsideBitcoins has determined that Bitcoin Money takes users privacy and data security seriously. Firstly, the account creation process only requires the necessary details such as names, email address and phone number. Secondly, the process is secured through Secure Socket Layer (SSL) a protocol that encrypts all data transmitted through a site. This ensures that hackers are not able to intercept and steal users’ data.

Bitcoin Money also implements a strong password policy requiring users to mix letters, symbols, and numbers when creating a password. This is very important given that weak passwords are the number one entry point for hackers.

When it comes to data usage, InsideBitcoins has determined that Bitcoin Money uses contact details collected during the signup process to send unsolicited offers. While this may not be a problem for some users, it is inconveniencing for others. The best practice involves enabling clients to opt in or out of a mailing list.

Demo Trading

Bitcoin Money does not offer a demo account. Demo trading is not that necessary in automated trading given that the robot does all the work. However, some traders may prefer to get a feel of the platform with virtual money before going to live trading.

Many trading robots do not offer demo trading, but there are a few that do. These few ranks among the best in our list of top trading robots in 2019. We recommend that you read our review of Bitcoin Code if you are looking for a bitcoin trading platform that offers demo trading.

Deposit and Withdrawal

A minimum deposit of $250 is required to start trading with Bitcoin Money. This amount is the trading capital and not the cost of trading with the software. Bitcoin Money is a free app that profits by charging a small commission on the profits generated using it. The $250 minimum deposit is in line with what most bitcoin trading robots require.

Also worth noting is that Bitcoin Money does not charge any deposit or withdrawal fees. However, users may incur charges from the financial institutions facilitating the transactions. We recommend that you carry out due diligence to determine if your financial institution charges fees for international transactions.

InsideBitcoins cannot stress enough on the need to withdraw your profits as soon as you make them. Remember that trading with Bitcoin Money also involves a level of risk and you may find yourself losing your gains and invested capital if you leave trading sessions open for too long and do not withdrawa your profits.

Live Trading

This trading robot supports both manual and automatic trading. In manual trading, users specify the trading strategy to be applied and manually places trades. Simply put, the app does investment research using the specified approach and makes recommendations to be manually implemented by the trader. On the other hand, computerized trading requires little input from the user.

Bitcoin money comes with guides to help you setup and manage your trading account. Live trading involves opening and closing trading sessions and also withdrawing profits. The app conducts all the trading research and automatically executes trades. As mentioned earlier, monitoring your account should take at most 20 minutes per day.

InsideBitcoins recommends that you start with $250, the minimum amount required, and add capital as you get more comfortable with the platform. Profitability with the Bitcoin Money app is much influenced by the trading sessions you enter which means that you must identify the best time to trade.

Bitcoin Money in the Media

There are claims that Bitcoin Money has been featured in mainstream media including CNN, FT, TIME and Forbes. InsideBitcoins did not find any evidence about these claims.

We encourage you to avoid making decisions basing on a product appears on mainstream media. This is because even scam products with huge budgets can make their way there. Always carry out enough due diligence before settling on a product. InsideBitcoins can guarantee that Bitcoin Money is a legit trading platform.

Did Richard Branson recommend Bitcoin Money?

There are also rumors from affiliate sites that Richard Branson has recommended Bitcoin Money. Likewise, we did not find any information linking Branson to Bitcoin Money. Once again, we recommend that you avoid reviews making such false claims to earn affiliate sales. InsideBitcoins provides comprehensive and unbiased reviews to help you make informed decisions. Browse through our trading robots section to learn more about the best bitcoin robots in 2019.

Advantages of Trading with Bitcoin Money

Bitcoin Money scores among the best in our bitcoin trading robots list. The robot is best known for user-friendly trading platform, transparent fee mechanism, excellent customer service, and consistent results. Here are the main advantages of trading with Bitcoin Money.

A Legitimacy score of 88% – InsideBitcoins tests ranks this trading robot among the most reputable.

Easy to use and secure trading platform – We have established that this crypto trader platform is beginner friendly. Their web-trader is also fully secured to protect users’ data.

High accuracy level – Bitcoin Money has an accuracy level above 99%. This is in line with what most leading bitcoin trading robots report.

How much can you make with Bitcoin Money?

With Bitcoin Money, the amount of profits you generate depends on how much you invest. On average, traders report making $1300 per day. Bitcoin Money claims that there are traders who have become millionaires within 61 days of trading with its platform.

InsideBitcoins cannot guarantee that you will make that much. However, there is a high potential for making profits ten times what you can make with traditional investment methods.

Is Bitcoin Money Scam? The Verdict!

InsideBitcoins can guarantee that this trading robot is highly legitimate. Apart from operating in high transparency, Bitcoin Money offers one of the best trading platforms in the industry. Their customer service is also one of the best.

We recommend that you start with the minimum account required and add capital as you get used to the platform. Trading with Bitcoin Money involves a degree of risk, and therefore there is a possibility of losing your invested capital too.

However, the risk is small when compared to traditional investment options. We recommend that you keep monitoring your trading account at least once in two hours and withdrawal your profits as soon as they are made.

Bitcoin money is a simple, easy and less complicated software as the other softwares out there, you do not need to worry about this as it has a good technology underlying it’s function, the trading you make and you are very much covered at all time.

The bitcoin money is very simple to use and you can make money easily with it.

How much is advisable to invest in bitcoin money? Is it posssible to make about $3,000 in a month?

If you are looking for a way to make money with ease then you are at the right place, among other bitcoin trading softwares, the bitcoin money is known for its super user friendly system of operation and it is very great to use for both starters and professionals.

I taught my sister how to use the bitcoin money software and she was able to trade in no time. As you know that every investment is risky, I will recommend that you start with something you can afford to loose, not because you aim to loose bit because it is an investment, anything can happen.

What is the most efficient way to make money with the bitcoin money? Is there a limit to the amount i can make monthly?